Anthony Pecoraro, Colts Neck, admits he didn't pay income tax on $2M

4:11 PM,
Sep. 4, 2013

Anthony Pecoraro of Colts Neck, seen in this 2007 file photo, pleaded guilty Wednesday to failing to pay income taxes on more than $2 million he withdrew from the business, the U.S. Attorney's Office said.

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Anthony R. Pecoraro, a Colts Neck man who was vice president of a South Plainfield traffic safety equipment business, pleaded guilty Wednesday to failing to pay income taxes on more than $2 million he withdrew from the business, the government said.

The plea came five years after Pecoraro pleaded guilty in a gambling case, and one year after his mother was brutally murdered and he discovered the body.

Pecoraro, 50, withdrew the money between June 2008 and December 2009 from Traffic Safety Service LLC in South Plainfield for personal use, according to the U.S. Attorney's office. ...